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DP World hands over 60% of Adelaide port to Flinders

Dubai-based port operator DP World has said it has handed over its 60% holding in Adelaide's container terminal to Flinders Port after the Australian firm exercised its right to buy the stake, Khaleej Times has reported. The stake sale was triggered by a transaction entered by the state-owned Dubai firm last year to sell 75% of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for $1.5bn.